spanish bank bad loans surge to record high
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Spanish bank bad loans surge to record high

Arab Today, arab today

Arab Today, arab today Spanish bank bad loans surge to record high

Arab Today

Bad loans at Spanish banks climbed to a new record high in September, official data showed Monday, despite a 41-billion-euro European-financed bailout of the financial sector. Loans at risk of not being repaid accounted for 12.68 percent of all credit extended in September, up from 12.14 percent in August, a Bank of Spain report showed.

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